You will need a bank account in Spain if you are planning to buy real estate, open a business, rent real estate, and also in other cases.
We will help you open a bank account in Spain, bypassing all bureaucratic difficulties, and will fully support this process.
Features of opening a bank account in Spain
Opening an account in Spain by a non-resident today is quite problematic due to the tightening of controls on banking transactions carried out from abroad. Opening an account in Spain as a foreigner on your own is even more difficult: unlike the domestic system we are used to, the activities of banks in Spain in most cases are based on trusted and proven relationships with a partner or client.
To open an account in a bank in Spain, you must indicate the purpose of obtaining the account, for example: purchasing real estate and obtaining a mortgage; storage of funds; payment of utility bills, internet, insurance, etc.
Basic requirements for non-residents to open an account in Spain
- Indicate the amounts and countries from which the funds will be transferred.
- Confirm sources of income. This could be a certificate from your place of work, bank statements, tax returns, etc.
- It is also necessary to provide a sworn translation of your documents.
- A NIE and insurance may be required.
Service cost
Torrevieja
| Service | Price, € | Note |
| Bank by proxy — unblocking an account, closing an account, providing documents to the bank, etc. | Authorization of power of attorney 150; every subsequent trip 20 | Especially relevant for Russian citizens |
| Opening an account | 300 | Without accompaniment of funds establishment |
| With deposit of funds | 500 | Support of cash and non-cash establishments |
| Supporting the annual review/updating of account data | 50 / 1 hour | KYC update, responses to queries |
Valencia, Alicante, Benidorm, Madrid
| Service | Price, € | Note |
| 1) Opening an account in person (without accompaniment of funds establishment) | Tax residents of Spain/EU/USA/Canada – 300 Tax residents of other countries – 600 | Package preparation, registration, support in the department |
| 2) Account by proxy remotely (without accompaniment of funds establishment) | Tax residents of Spain/EU/USA/Canada – 600 Tax residents of other countries – 1000 | It is acceptable when the bank allows a remote format |
| 3) Accompanying the establishment of funds – cash and non-cash | On request | Including negotiation of limits and source confirmations |
| 4) Unblocking accounts | from 150 — 500 | Depends on the reasons for blocking and the scope of explanations |
| 5) Annual review/update of data | 150 | Fix for data update session |
| 6) Support in obtaining a mortgage | 1000 | From application to issuance of offer and signing |
Bank commissions, interbank transfers, account maintenance fees and conversions are paid separately according to bank tariffs. If necessary, sworn translations/notaries are involved.
Check out other Alegria Service services:
How we provide the service of opening a bank account in Spain
- We advise you on the procedure for opening an account in a bank in Spain,
- We select a bank with the best conditions based on your situation,
- We help in preparing documents,
- We organize sworn translations of documents,
- We accompany you to the bank to sign a bank account agreement.
*Sworn transfers when opening a bank account in Spain are paid separately.
